ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest development and construction companies, announces the completion of one of the stages of the acquisition of two infill development projects from developer DVA Group, in the Admiralteiskiy and Moskovskiy districts of St Petersburg.

The first project occupies a 0.2-hectare site on Naberezhnaya Reki Pryazhki, located in the historical district of the city, within walking distance of major attractions and the Neva River embankment. The Company plans to develop a business-class infill project on the site that will offer approximately 8 ths sqm of residential space.

The second project, on a 1.1-hectare site in St Petersburg’s Moskovskiy district, is near the Zvezdnaya metro station and a 15-minute drive from Pulkovo Airport, with a convenient exit onto the Ring Road. This comfort-class apartment complex will offer 26.3 ths sqm of NSA. Construction and sales commenced immediately after the conclusion of the deal.

These new projects will further diversify the Company’s portfolio in St Petersburg, which in turn will bolster sales. Including premium and business-class projects, sales in the region demonstrated robust growth in 3Q 2024, increasing by 86% year-on-year and 16% quarter-on-quarter despite a challenging market environment.

This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/

IR Team
E: ir@etalongroup.com

E: etalon@em-comms.com

Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.0 mln sqm of real estate.

Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs nearly 6,000 people, and its nationwide sales network covers 35 regions across Russia.

Etalon Group’s assets comprise 32 projects at the design and construction stages in eight regions, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.9 mln sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2023 was RUB 303 billion.

In 2023, Etalon Group's new contract sales totalled 547 ths sqm, or RUB 105.6 billion.

The Company's revenue in 2023 amounted to RUB 88.8 billion, with EBITDA of RUB 18.1 billion.

Etalon Group’s GDRs have been traded on Moscow Exchange (ticker ETLN) since February 2020.